Hasbro executive covers taxes with share withholding
HASBRO, INC. executive Sibley Tarrant L., EVP, CLO and Corporate Secretary, reported a tax-related share withholding transaction.
Rhea-AI Filing Summary
HASBRO, INC. executive Sibley Tarrant L., EVP, CLO and Corporate Secretary, reported a tax-related share withholding transaction. On the vesting of the third tranche (33 1/3%) of a restricted stock unit award granted on February 24, 2023, 1,680 shares of common stock at $99.64 per share were withheld to cover tax obligations.
This Form 4 characterizes the event as a tax-withholding disposition, not an open-market sale. After the withholding and related adjustments for dividend equivalent units, Tarrant directly owns 61,054.97 shares of Hasbro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock (Par Value $.50 per share) | 1,680 | $99.64 | $167K |
Footnotes (2)
- F1. This represents payment of tax withholding using share withholding in connection with the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 9,861 shares granted February 24, 2023.
- F2. Total amount has been adjusted to reflect shares acquired upon vesting of dividend equivalent units on restricted stock units granted to the terms of the restricted stock unit awards
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hasbro (HAS) executive Sibley Tarrant L. report on this Form 4?
Is the Hasbro (HAS) Form 4 transaction an open-market sale by the executive?
What equity award triggered the tax-withholding in this Hasbro (HAS) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.